To authorize Strategic Housing Finance Corporation to issue up to $30 million in tax-exempt multifamily housing revenue bonds to provide financing for the acquisition and rehabilitation of the proposed 304-unit Terrace Cove Apartments located at 6201 Sneed Cove in Austin, with 20% of units reserved for tenants at or below 50% AMFI and 90% of units reserved at or below 120% AMFI. The bonds would be issued under agreements where the ownership entity would enter into loan payments to repay the bonds.